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    340 Butterfield Rd Elmhurst, IL 60126

    Sponsored
    For Sale
    $525,000

    3,927 SF Vacant Creative Office

    Property size:
    3,927 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,927 square foot creative office space is available for purchase in Elmhurst, Illinois, at an asking price of $525,000. Located at 340 W Butterfield, Suite 4D, zip code 60126, this Class B property, built in 1978, presents a unique investment opportunity. Currently vacant, the space offers significant potential for customization and boasts a desirable layout. The interior features three individual offices, a conference room with water access, and a reception area. A portion of the building (1,400 square feet) is currently leased to a national tenant under a five-year lease, providing a stable income stream. An additional 1,800 square feet is available for immediate occupancy, ideal for a 24/7 operation, such as a fitness center. The space is priced at $133.69 per square foot. Existing furniture is available for purchase, adding further value and convenience. This property offers a blend of immediate occupancy potential and long-term income generation, making it an attractive proposition for discerning investors and businesses alike. The property's location in Elmhurst, Illinois provides easy access to major transportation routes and amenities.

    Property Features for 340 Butterfield Rd

    General Information

    Property type
    Office space
    Square Feet
    3,927 SF
    Class
    B

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Oak Brook Dental ... Dental Clinic Dr. Victoria Grannan-Manchen, ... Dental Clinic Summit League Sports Club Sensational Smiles Dentist Nickas Jeffrey a DDS Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9495246
    Latitude
    41.8649977

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    FAQs

    What type of property is this?
    Office space - 3,927 SF Vacant Creative Office
    Where is this office space located?
    The property is located at 340 Butterfield Rd Elmhurst, IL.
    What is the asking price?
    The asking price for this property is $525,000.
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    340 Butterfield Rd Elmhurst, IL 60126
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    Elmhurst, IL 60126
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    340 Butterfield Rd Elmhurst, IL 60126
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